Solana was outperforming Ethereum in some blockchain metrics in third quarter of year
Crypto analytics portal Nansen presented detailed data regarding the performance of Solana (SOL) in the third quarter of this year. This quarter was clearly more successful than the current one, considering the events of November, when the price of SOL, the native token of the Solana ecosystem, fell by 60% due to its association with the “zeroed-out” crypto exchange FTX.
The three-month period to October appeared to be more or less successful for Solana, especially given the bear market conditions. During that period, the number of daily blockchain transactions rarely fell below 200 million, and the number of active addresses on Solana’s network ranged from 600,000 to 1.1 million.
Furthermore, between July and September, the Ethereum killer was sometimes more dynamic than the finisher. For example, Solana showed more stable figures in its daily transaction count, and the number of daily active addresses on it exceeded that of Ethereum by hundreds of thousands.
Solana: current state of affairs
By now, SOL is accumulating in a range of $12 to $16, at levels where it last was back in early 2021. At the same time, the number of transactions on the blockchain tends towards 122 billion and transactions per second (TPS) is at the 4,000 mark.
